Ray Dalio on How the Economic Machine Works

I’m linking to a very informative document I came across from Bridgewater Associates. The document was composed/compiled by Ray Dalio, the founder of Bridgewater Associates. If you are unaware, Bridgewater is the largest hedge fund in the world with $120 billion under management (Jan, 2012).

The document discusses how Dalio sees the ‘economic machine’ and discusses many topics very pertinent to today’s environment, like deleveraging and credit cycles. The material is presented in a way that is not overly academic…In other words, it’s a lot of text book material, but presented in a more readable manner.